Payments to STARC / NYC
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This local assistance appropriation is required pursuant to Section 3238-a of the Public Authorities Law and is related to the refinancing of prior New York City Municipal Assistance Corporation debt and other debt by the Sales Tax Asset Receivable Corporation (STARC), a local development corporation established by the City of New York.
The FY 2017 Executive Budget recommends $170 million for the Corporation. This is unchanged from the FY 2016 budget.
| Category | Available 2015-16 |
Appropriations Recommended 2016-17 |
Change From 2015-16 |
Reappropriations Recommended 2016-17 |
|---|---|---|---|---|
| Aid To Localities | 170,000,000 | 170,000,000 | 0 | 0 |
| Total | 170,000,000 | 170,000,000 | 0 | 0 |
Note: Most recent estimates as of 01/13/2016